For the first time SSC examination will be held in Computer Based pattern and managing time will be one of the important factor while solving the questions. So in order to make students familiar with such a situations we are providing questions in a time based manner , which will help students to manage the time properly.
1.Net National Product (NNP) of a country is:
GDP minus depreciation allowances
GDP plus net income from abroad
GNP minus net income from abroad
GNP minus depreciation allowances
2.National Income is based on the :
total revenue of the State
production of goods and services
net profit earned and expenditure made by the State
the sum of all factions of income
3.Which of the following is definitely a major indication of the State of the economy of a country?
Rate of GDP growth
Rate of inflation
Number of Banks in a country
Stock of foodgrains in a country.
4.Which of the following can be called as a part of the Service Sector?
Textile Mills
Banking
Coal Mines
Agriculture
5.Many a times we read a term in financial newspapers GDP. Whatis the full form of the same?
Gross Domestic Product
Global Domestic Ratio
Gross Depository Revenue
Global Depository Receipts
6.In terms of economics, the total value of the output (goods and services) produced and income received in a year by a domestic residents of a country put together is called :
Net National Product
Gross National Product
Gross National Income
National Income
7.Which of the following is the correct definition of the term National Income ?
National Income means the total amount of money Government earns only through direct tax collections every year
It is the total value of all sorts of stocks held by acountry at a particular point of time.
This is the measure of the volume of commodities and services turned out during a given period counted without duplication.
All ‘a’, ‘b’ and ‘c’
8.Which of the following is equivalent to National Income?
Gross Domestic Product at market price
Net Domestic Product at factor cost
Net National Product at market price
Net National Product at factor cost
9. Assertion (A): Per Capita Income of India does not give a complete picture of the economic growth of the country.
Reason (R): Per Capita Income of a country is not independent of the size of its population. Codes:
Both A and R are true and R is the correct explanation of A.
Both A and R are true but R is not a correct explanation of A.
A is true but R is false
A is false but R is true
10.Which sector of Indian Economy contributes largest to the Gross National Product?
Primary Sector
Secondary Sector
Tertiary Sector
Public Sector
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